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Showing posts from April, 2018

Sucky Job = Sucky Life?

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I was reading this article by Minimalist in the City about FI , and towards the end of the article there was the Jobstreet link citing that almost 1 in 2 Singaporeans are unhappy at work. Right below that paragraph, is this picture and quote which I find rather confusing: Part 1 of the quote: "I never knew anybody who was unhappy with their job and was happy with their life. It's your sense of purpose." I find this part of the quote false. While SOME people equate their life to their jobs, which is also their passion and career, I feel that quite a large number of people do not equate their jobs to their lives. Part 2 of the quote: "Now, some people can find it elsewhere. Some people can work a job and find it some place else." This part of the quote makes more sense to me. If you don't find happiness in your job, that's okay. You can always find happiness outside of it and that's fine. I think this job=life happiness thing is really dependent on yo...

Invest in a Crypto Exchange or a Bank?

Deutsche Bank: Branches . - 2434 Employees . - 98720 Years in Business - 148 USD Quarter Profit - $146m @binance Branches - 0 Employees . - 300 Years in Business . - 1 USD Quarter Profit - $ 200m — Ran NeuNer (@cryptomanran) April 27, 2018 Weird. I could've sworn some people told me that crypto is a tulip ponzi bubble scam.

GMGH Crypto Portfolio Apr 2018

At the start of the year, I posted my portfolio for 2018 . However, the crypto market is extremely dynamic and fast-moving. Information gets outdated so quickly, and so does thesis regarding investments. I'm just penning my thoughts down to justify (to myself!) why I have made certain adjustments to my portfolio. 1. DigixDAO (DGD) Reduced DigixDAO has been a beast and I've profited MASSIVELY from it . Lucky me it was my biggest position too . However, I felt that it was time for me to take some profits and rebalance my portfolio because my portfolio was becoming DGD + supporting crypto. DGD has gone live with DGX and they are steaming ahead with building out governance for its DAO, along with integrating into partnerships that they have forged, as well as making new ones (as usual). DGD and their mission to tokenize goal is something to speaks to my heart as a fan of precious metals and my distrust for fiat currency. It quite possibly marries precious metals and cryptocurrency ...

The Crypto Path to Tens of Trillions

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I adapted the title from this extremely illuminating article by Kyle Samuni . I actually hesitated about sharing these scared texts. The less people in the markets know, the easier it is for me to profit at their ignorance. But good ol' GMGH got your back (and already has taken up positions in whatever he wanted). Here's me dropping some free knowledge bombs to blow your mind. To my faithful readers with their own functioning brain, I hope you enjoy this brain digest. First up is this is  an EXCELLENT post by Tony Sheng . Very brief, but very good. Credits: Tony Sheng To cut a long story short, this is almost the exact same framework that I have been subconciously using to evaluate ICO projects and even post ICO projects. He verbalized these ideas and put it very nicely in a framework, so I'm quite glad to have read this very short, but concise article about utility tokens. FYI, 95% of utility tokens are worthless pieces of shit . High chance that most of yours are crap. 95...

Crypto is Back?!

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HEELLOWWW IM BACK Actual real life picture (okay, not really) of crypto shorts getting smashed by bulls. Source: bmashina Sup my fellow degens. Crypto is back, simply because it's above my average buy in price during the recent market crash, lol. Why is that significant? Because obviously, if crypto is below your entry price, it is a scam. Everyone knows that. /s Buying at $740 down to $686 ? STUPID. Buying at $645 ? IDIOTIC. Buying at $540 down to $466 ? DUMB. Buying at $398 ? MORON. Buying at $378 and leveraged long at $377 ? REKT. My average price of all my buys during this dip is $571.18 . (BTW, I'm talking about ETH prices, if you didn't already get that) Come on now, short the market now and rekt me. You know what happens if I don't get rekt right? I become fabulously rich and I'll shitpost about it for months. SO COME AND GET ME I AINT SCARED OF YOU. I DARE YOU. I DOUBLE DARE YOU. YOU FIAT WUSSY PANTS. I'm eagerly waiting for $740.17 ($0.01 above my high...

The Only Game I Play Now

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The only game I play now is crypto. The score is how well I do. I used to play a lot of games. Heck, I think I was a top tier player for some of the games that I played. I like playing FPS, since it requires way less thinking. I have dabbled is some RTS, but I am terrible, my brain processing is too slow to play on a pro level. I was playing some mobile RPGs too, but after the initial phase, I find them so pointless and meaningless. Actually, that's the whole problem with playing games. I can dedicate hours to this "craft" and become a top ranked player with a familiar handle that other vets respect and the noobs fear, but what else is there to it? The hours I spent and the achievements I got are not tangible and non-transferrable and are pretty much stuck and locked into the game forever. Thinking about games like that make them feel quite meaningless from the big picture. Of course, while playing the games, I enjoy myself in those moments. For the other people like me t...

World's 14th most popular site now accepts cryptocurrency

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Boasting monthly pageviews of 3,608,000,000 views per month , this is a massive website. Ranked 7th in the USA and 14th globally based on SimilarWeb (Alexa puts it at 16 and 34 respectively), this website is only trailing behind mega global heavweights like: Google, Facebook, Youtube, Baidu, Yahoo, Twitter, Wikipedia, VK and Instagram. It is actually ahead of websites like Yandex, Live.com, Amazon, QQ, Taobao, Reddit, Ebay, Netflix and Naver. I think you might know it. It is.... Pornhub . I would show you the sign up page, but it's super NSFW. You still can click it if you want   (NSFW) . As much as I shit on Verge (XVG) as a shitty currency (it still is), this partnership is huge and impressive. *cue the "that's what she said" joke* Seriously. I mean, 3.6 BILLION monthly pageviews, that's pretty sick. That's 120,000,000 pageviews a day. That's freaking 83,000 people every damn minute. People that don't know or haven't been exposed to cryptocurrenc...

What the IMF Head thinks about Crypto

Even the IMF Head understands that there are good stuff about crypto . Summarized: 1) Fast and inexpensive financial transactions 2) Self-executing and self-enforcing smart contracts eliminates the need for some intermediaries 3) Secure storage of information (ability to give permissioned access to confidential data) 4) Increases asset ownership rights in places with subpar record keeping Admittedly, she did come out with another post a month ago about the negatives of crypto , it is clearly obvious that the IMF have been studying virtual currencies quite intensely . One important point that I find her post missing, almost on purpose, is regarding that view that (at least the legit ones) virtual currencies are a form of private money, which is free from government intervention. The monetary policies of these currencies are fixed and abided by, and they can, and (in my opinion) probably will be a superior form of money and store of wealth compared to fiat and many non-tangible assets. I...

Does IMDA think that crypto is a scam?

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MFW people say crypto is a scam. IMDA would like to disagree with you and offer hundreds of thousands of dollars for winning blockchain ideas. Here's the PDF factsheet which is more detailed. Got a good idea? Toss it to them and make it to get $50k or $100k. Here I am spreading the good word about crypto and people look at me like I'm the crazy one. Did you know that MAS has a github repo for the RTGS Phase 2 software prototypes ? I personally find it amusing how the MAS Managing Director spoke about Gresham's Law during his speech last month . That does explain a lot why people hoard the most valuable cryptos instead of spending them, doesn't it? Hehe. People ask me, is crypto a scam? I'm not sure. What do you think?

Sold some DGD

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Just btw fyi. Sold some DGD a while ago. Yes, my previously most bullish position that I have shit tons of . +225.93% profit in ETH. Lowest lot sold was 202% profit, highest was 336% profit. Why am I highlighting this? In Jan I said that  : " To be completely frank, I have almost no ETH. I spent it all buying DGDs at ridiculously cheap prices. Stupid move? We shall see about that soon. After DGD finally makes it move and it is no longer cheap, I will continue stacking ETH . " This is me doing just that. I'm not abandoning DGD. I still have a lot of DGD left, but I decided to rebalance my portfolio because my DGD position had ballooned too big. This is a happy problem of making too much money.  The ETH gainz were too sick to resist not banking some profits. 200-300% returns in ETH for a 3-6 month "fixed deposit"? Not bad. "GMGH, are you selling to USD?" Nope, I've sold to ETH, because imo ETH is deliciously cheap af. You do know that my average USD ...

Guide: How to Self Leverage with MakerDAO's Dai

Background Context: I wrote this post and drafted it out a while ago, didn't have time to proof read it until now. Not sure if anyone is still interested, but here you go anyway. As mentioned in the last post, I went leveraged long on ETH at $377 , and this is how I did it trustlessly. I'd say that I'm not an expert and I opened up my first leverage position today. The beauty of the Maker system is that you can decide how much to leverage and when. Anyway, it was a rather confusing and complicated process, but a learning journey all the same. This is highly NOT recommended for anyone that is not familiar with making on-chain transactions and have a low risk tolerance. Opening up a CDP 1) Have ETH in your Metamask account 2) Go to dai.makerdao.com/ 3) Enable all the token allowances on the right (each is 1 transaction) 4) Wrap ETH to WETH 5) Convert WETH to PETH 6) Open a CDP 7) "Lock" PETH into CDP Boom, now you have deposited collateral into the Maker system, an...